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Spain Comes Second in the European Ranking of Where House Prices Will Fall By The Most in 2020, According to S&P

The price of housing will fall in Spain by 1.4% this year but will increase again from 2021 with a forecast rise of 1.8%.

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House prices in Spain will fall by 1.4% during 2020 due to the decline in tourism and the uncertainty caused by the health crisis, according to a report on the European real estate market carried out by the ratings agency Standard & Poor’s.

Besides Spain, the only other European countries where the price of residential assets are expected to fall this year are Ireland and Portugal, with decreases of 1.6% and 0.6%, respectively.

Read the full article in Spanish.

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